It's the companion ratio to the marginal propensity to save, the ratio indicating how much of each dollar of additional income consumers tend to save. Basic Keynesian economic theory posits that ...

The MPC is a Keynesian concept that refers to the amount of each dollar of additional income consumers tend to spend rather than save. It's the companion ratio to the marginal propensity to save ...

According to a report by the State Bank of India (SBI), these taxpayers will collectively save approximately ... increase in consumption. Using a marginal propensity to consume (MPC) of 0.7 ...